Megaprojects in the desert sap Saudi Arabia's cash

Saudi's sovereign-wealth fund last month said its cash levels as of September had fallen by nearly 3/4th

Creative professionals bullish on OpenAI Sora amid IP woes

Sora is not the absolute first of its kind, and faces competition from the likes of Runway, and Synthesia

'India's AI market to reach $17 bn by 2027'

Growth will be fuelled by higher enterprise tech spending, AI talent base

Pocket FM to invest $40 mn in Pocket Novel, expand reading library

Audio series platform Pocket FM will invest $40 million in its online reading service Pocket Novel to enhance the latter's presence in the literary landscape and develop intellectual properties over the next year, said Rohan Nayak, co-founder and CEO, Pocket Novel.

Bigbasket quickens slotted deliveries to within 2 hours

One-hour delivery likely to be introduced in a few months, says company CEO Hari Menon

Proof needed Greenwashing: for claims, say draft norms

All green claims made by a person or an organization must be supported by verifiable evidence, according to new draft guidelines released on Tuesday for preventing greenwashing.

Laptop, tablet shipments fall

Shipments of laptops, desktops and tablets declined in India in 2023, hurt mainly by slow commercial deals from companies and lack of government contracts.

EIH told to hand Wildflower over Hall to HP govt

The legal battle between EIH and the HP govt over the heritage property in Shimla began 20 years ago

JSW Group eyes multiple global auto OEM alliances

The discussions could culminate in a three-way deal or two separate joint ventures

Private sector firms must help push up capex: RBI bulletin

Reserve Bank of India officials have exhorted private companies to lead the way in expanding capital expenditure, a space dominated by the government.

Ireda planning arm to finance rooftop solar, electric vehicles

State-run Indian Renewable Energy Development Agency Ltd (Ireda) is planning to set up a subsidiary to finance business to consumer or retail segments including rooftop solar installations and electric vehicles (EV).

Volume growth to be in focus for Coal India

Coal India Ltd's (CIL) realization from coal sold through the e-auction route picked up sequentially in the three months ended December (Q3FY24), after falling for four straight quarters.

Jungle Ventures doubles down on F&B

Singapore-based venture capital firm Jungle Ventures, known for backing unicorns like Moglix and Livspace, has doubled down on its initial investment in the food and beverage sector, injecting $20 million (₹166 crore) into homegrown ice cream maker Walko Food Co. Pvt. Ltd.

Innoviti in talks to raise pre-IPO funding

Fintech company Innoviti Technologies Pvt. Ltd is planning to raise a pre-initial public offering (IPO) funding round from new and existing investors, at least two people in the know said.

Microgravity eyes $4 mn for expansion, 10 new stores in 2 yrs

The company is planning to set up virtual reality gaming arenas at IT-enabled services and BPO firms

Stellaris adds gen-AI, sustainability themes

The firm expects significant rise in deal activity over the next year

India's LNG terminal plans in Iraq face visa, security hurdles

Plans to set up a liquified natural gas terminal in Iraq are yet to take off, as Iraq is yet to issue visas to officials from Indian oil and gas and EPC (engineering, procurement and construction) companies amid persistent security concerns in the country.

Keen on FTA with India: New Zealand envoy

New Zealand is keen to conclude a free trade agreement (FTA) with India, the country's high commissioner said as he sought to dispel the notion that such a deal will be skewed towards New Zealand.

Road ministry scheme to end contractual disputes

Disputes involving the Centre and its undertakings are blocking investments in road sector

The onion peel that promises a sugar high

The government is putting its money where its sweet tooth is, the zero-sugar way. The consumer affairs ministry is working on a plan to bring to the market sweetener extracted from onion waste, two persons aware of the matter said. It will do this in partnership with a startup that won a government-run contest.

Svatantra to raise ₹2K cr pvt equity

As per data from Crisil, Svantantra reported a total income of ₹1,396 crore and profit after tax of ₹130 crore in FY23

Hindalco's US unit Novelis to go public

It is not clear what Hindalco plans to do with the IPO proceeds and if it will choose to give out some of it as dividends

Scrapping old vehicles could fetch extra sops

Sweetened scrapping policy may be rolled out after general election

Valuations Rise As Nifty Hits New High, But Earnings Higher Too

The stock market's engines may have more steam left despite Nifty's new peak fuelling valuation jitters, analysts said.

The Wait Lengthens For Ratan Tata's Authorized Biography

The long wait for the biography of one of India's foremost businessmen and philanthropists has become longer. And more uncertain.

OpenAI Is Being Too Secretive About Its New Video Generator

It has disclosed too little about a tool that can play havoc with polls

Japan Moves To Let Investment Funds Hold Cryptocurrency

Japan inched closer to allowing venture capital firms and other investment funds to hold digital assets directly, after Prime Minister Fumio Kishida's administration agreed to submit a revised bill to implement the change.

America's Emulation Of Chinese Policy Can Reset Mutual Relations

Cooperation may be easier if both countries realize their policies are neither too different nor necessarily harmful to each other

Finding gut health at the supermarket

A rising interest in gut health is spurring leading supermarket and retail chains in India to stock up on gut-friendly foods their customers want

Aviation casts a K-like shadow on the ground

There's a boom in aviation fuelled by holiday demand amid a post-pandemic roar back to the skies. But this should not overshadow India's lumbering recovery in railway traffic